Meaning of the word "factory price" in English

What does "factory price" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

factory price

US /ˈfæk.tə.ri praɪs/
UK /ˈfæk.tə.ri praɪs/
"factory price" picture

Noun

1.

the price of a product when it is sold by the manufacturer, before any additional costs like shipping or retail markups are added

Example:
We can offer you the product at factory price if you buy in bulk.
The new car is available at a special factory price for a limited time.
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